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NY A08898

Bill

Status

Introduced

1/19/2022

Primary Sponsor

Michael Lawler

Click for details

Origin

Assembly

2021-2022 General Assembly

AI Summary

  • Requires insurers to provide written notice of policy renewal or extension to the insured no later than 30 days before the policy expires for insurance policies subject to Article 49 of the Insurance Law.

  • Applies renewal notice requirements to motor vehicle insurance policies where a natural person is the named insured and the vehicle is used predominantly for non-business purposes, with notices sent by regular mail with certificate of mailing.

  • Applies renewal notice requirements to motor vehicle insurance policies where the named insured is not a natural person or the vehicle is used predominantly for business purposes.

  • Requires written renewal notices for workers' compensation insurance policies at least 30 days prior to the expiration date.

  • Becomes effective 90 days after enactment, with the superintendent of insurance authorized to prescribe the form and manner of delivery for renewal notices.

Legislative Description

Requires insurers to send a notice of renewal or extension of certain policies to the insured no later than thirty days prior to the expiration of the policy.

Last Action

held for consideration in insurance

5/11/2022

Committee Referrals

Insurance1/19/2022

Full Bill Text

No bill text available